Rio Tinto mulls $300M writedown as uranium mine expansion cancelled
Operations ceased at Ranger in 2011 and the underground expansion project was the only hope of future mining at the site.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Peru mining investment down 14% on unrest, violence, low metal prices
Total for this year may be $7.7 billion, down from 2014's $8.7 billion and significantly lower than a record $10 billion in 2013.
African Potash seeks to create trading platform in Eastern and Southern Africa
The goal is to facilitate the mining, production and distribution of the fertilizer in Eastern and Southern Africa.
Lonmin shares collapse as Glencore completes stake divestment
The move may create a group of sellers that want to dispose of their holding, or it could open the door to a buyer, according to analysts.
Ghana urged to end child labour in gold mines
A rights group estimates that thousands of children as young as nine are working in the country's gold mines, violating international and local laws, as well as risking their lives.
U.S. coal miners owe over $62 million in health and safety violations fines
The top ten coal miners alone had combined unpaid fines of $18.3 million by the end of April.
Zambia sells stake in state-owned copper miner
The country's national pension fund has bought 15.9 million shares of Zambia's Consolidated Copper Mines-Investment Holdings for almost $80 million.
Investment in Canada’s oil sands to fall more than 30% this year
Meanwhile, the country’s overall oil production is expected to reach 5.3 million barrels a day by 2030, which is 1.1 million barrels per day lower than last year's expectations.
Gemfields shines on rare rubies find
The stock closed 4.17% higher in London Tuesday after the miner revealed the discovery of two rare matching rubies from its Montepuez mine in Mozambique.
South32 mulls writing down stake in South African manganese venture
It may reduce the value of its 60% stake in the Samancor Manganese joint venture, as it keeps furnaces shut due to low prices for the commodity.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
